Markets
AEG

European ADRs Climb as Financial Stocks Rally

An image of rising and declining prices
Credit: Shutterstock photo

American depository receipts of European stocks were 2.0% higher at 122.11 on the Bank of New York Mellon Europe ADR Index on Tuesday morning.

Gainers in Continental Europe were led by Sequans Communications ( SQNS ), a French developer of chipset solutions, 5.2% higher, followed by Aegon - New York Shares ( AEG ), a Dutch life insurance, pensions and asset management company, up by 3.9% and Banco Bilbao Vizcaya Argentaria ( BBVA ), a Spanish financial group, up by 3.5%.

In the UK, financial stocks Royal Bank of Scotland ( RBS ) Prudential ( PUK ) and Aviva (AV) were up by 5.4%, 4.7%, and 4.6%, respectively.

Decliners in Continental Europe were led by Telecom Italia (TI), an Italian telecommunications company, down by 2.1% and Natuzzi (NTZ), an Italian furniture manufacturer, trading 1.4% lower.

And, in the UK, Randgold Resources (GOLD), a gold-mining company, was 2.4% lower, followed by Luxfer (LXFR), a materials technology company, down by 2.3% and Amarin (AMRN), a biopharmaceutical company, trading 0.6% lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AEG SQNS PUK BBVA

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More